IWPA: Mexico Tariff Pain Will Be Felt from the Border to the Checkout Line
Thursday, June 6, 2019
Alexandria, Virginia – International Wood Products Association (IWPA) Executive Director Cindy Squires warned of the real costs that will be felt by U.S. businesses if President Trump’s proposed escalating tariff on Mexican imports to the U.S. goes into effect next week:
“Tariffs paid by U.S. importers, manufacturers, and ultimately consumers are not the way to address the crisis at the border. The initial five percent tariff proposed on Mexican imports will have negative repercussions across our industry and the costs will only increase if the tariffs continue to escalate as the President has proposed. Like all businesses, the wood products industry depends on economic stability and predictability to make critical investments and hiring decisions that contribute to economic growth in our communities. I am concerned that these escalating tariffs could undo much of the recent economic boom created in part by the Trump Administration’s tax cuts, deregulatory initiatives, and other business-friendly policies.”
Established in 1956, the International Wood Products Association (www.IWPAwood.org) is the leading international trade association for the North American imported wood products industry, representing 220 companies and trade associations engaged in the import of hardwoods and softwoods from sustainably managed forests. Association members consist of three key groups involved in the import process: U.S. importers and consuming industries, offshore manufacturers and the service providers that facilitate trade.